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The Mediterranean island of Cyprus is famous for its spectacular beaches and the rugged beauty of its interior. With its natural scenery, relaxed lifestyle and thousands of years of fascinating history.
If you ever have a reason to send money to Cyprus from Australia, in the modern digital age there are plenty of transfer options to choose from. You just need to compare those options to see which one offers the most affordable deal for you.
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Did you know that banks offer their customers a raw deal on international money transfers? If you didn’t, you’re not the only one. Most people are oblivious to the fact that banks offer poor exchange rates and charge substantially high fees on international transfers, and they simply send the funds via their bank without shopping around for a better deal.
But in recent years, the transfer industry has seen the emergence of a number of specialist transfer providers. These companies, such as OFX and CurrencyFair, usually provide exchange rates that are much better than those from the banks. They also have lower transfer fees to make the transaction more affordable, so you can end up saving a whole lot of money if you take the time to research the choices available.
Nick is on holiday in Australia for six weeks when he gets a call from his sister in Cyprus. Her car has broken down and she needs urgent money to pay for repairs, so she asks Nick to send her $1,000 as soon as possible. Nick compares the cost and features between his bank and an specialist transfer service.
As you can see, using a transfer service lets the recipient receive €50.24 more.
| Australian big four bank | Money transfer company 2 | |
|---|---|---|
| Exchange rate | 1 AUD = 0.6061 EUR | 1 AUD = 0.643 EUR |
| Transfer fee | $22 | $0 |
| Transfer method | Online, phone or bank | Online transfer |
| Processing time | 1-3 working days | 1-3 working days |
| Amount received (in EUR) | €592.76 | €643 |
| Difference | €50.24 |
Today's exchange rate AUD to EUR
There are plenty of situations where you may find that you need to send an urgent transfer - for example to help out a holidaying relative who has had their wallet stolen - and there are plenty of providers that can help you do so. Before you send an emergency transfer, however, make sure you’re aware that rapid transfers cost more thanks to high exchange rates and low fees. It’s therefore essential to review all the details of a transaction before you agree to go through with it.
Back to topIf you want to send a fast cash transfer from Australia to Cyprus, Western Union and MoneyGram are two companies that can handle the transaction for you. Both offer the use of extensive worldwide transfer networks and transaction processing times of as little as a few minutes. The details of some popular Western Union and MoneyGram locations in Cyprus are listed below, but make sure you’ve got photo ID and the transaction details handy if you’re going to pick up cash.
Whether you’re picking up cash in Cyprus or anywhere else in the world, it’s important that you keep your wits about you and take some basic steps to improve your safety. Picking up cash with a friend in tow is much better than going alone, while you should also make sure to avoid any high-crime areas of cities or any particular areas where you do not feel safe. Instead of carrying cash around with you for an extended period of time, deposit it in your bank account as soon as you can.
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